About Orkla India Limited
Orkla India Limited, the parent behind MTR Foods, Eastern Condiments, and Rasoi Magic, is a market leader in India’s packaged food sector. Its strong regional focus and range of everyday products make it a staple in many Indian homes. Orkla’s Norwegian parent, Orkla ASA, supports operations with global expertise, nine factories across India, and robust export networks. The company supplies over two million units daily in India and exports to GCC, the US, and Canada.
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Orkla India IPO Key Details
| Item | Details |
|---|---|
| IPO Open Date | 29 October 2025 |
| IPO Close Date | 31 October 2025 |
| Price Band | ₹695 – ₹730 per equity share |
| Issue Size | ₹1,667.54 crore / 2.28 crore shares |
| Type | 100% Offer For Sale (OFS) |
| Lot Size | 20 shares |
| Minimum Investment | ₹14,600 (upper band, one lot) |
| Listing Date | 6 November 2025 (NSE & BSE) |
| Registrar | Kfin Technologies Ltd |
| Lead Managers | ICICI Securities, Citigroup, JP Morgan, Kotak Mahindra Capital |
| Face Value | ₹1 per share |
| Allotment Finalization | 3 November 2025 |
| Refund Start | 4 November 2025 |
| Credit to Demat | 4 November 2025 |
IPO Timeline Table
| Event | Date | Key Notes |
|---|---|---|
| IPO Opens | 29 Oct 2025 | Subscription starts |
| IPO Closes | 31 Oct 2025 | Subscription ends |
| Allotment Finalization | 3 Nov 2025 | Check status on Kfintech |
| Refund Initiation | 4 Nov 2025 | Funds for non-allottees |
| Credit to Demat | 4 Nov 2025 | Shares in Demat account |
| Listing Date | 6 Nov 2025 | NSE & BSE launch |
Reservation & Lot Size
- Qualified Institutional Buyers (QIBs): Up to 50%
- Non-Institutional Investors (NIIs): At least 15%
- Retail Investors: At least 35%
Retail investors can apply for a minimum lot of 20 shares, requiring ₹14,600 at the upper end. Increase your bid in multiples of the lot size. The application process is friendly for beginners and seasoned investors alike.
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Promoter Holdings and Post-IPO Structure
- Pre-IPO Promoter Holding: 90%
- Post-IPO Promoter Holding: 75% (to meet SEBI norms)
- Main Promoters selling: Orkla Asia Pacific, Navas Meeran, Feroz Meeran
This listing complies with SEBI’s public shareholding norms and allows current stakeholders to monetize their holdings. However, the business structure and growth strategy remain undisturbed.
Financials and Performance Indicators
| Year | Revenue (₹ cr) | EBITDA (₹ cr) | PAT (₹ cr) | EBITDA Margin | Debt (₹ cr) | ROCE (%) | Market Share (Spices) |
|---|---|---|---|---|---|---|---|
| FY25 | 2,455 | 396 | 256 | 16.6% | 2.0 | 32.7 | 31% Karnataka, 42% Kerala |
| FY24 | 2,395 | 344 | 226 | 16.6% | 0.0 | 31 | – |
| FY23 | 2,172 | 312 | 338 | 16.0% | 3.7 | 30 | – |
| CAGR (3 yrs) | 5% Sales | 12.9% EBITDA | – | – | – | – | – |
Steady financial growth and debt-free status position Orkla India well for the future. Regional market leadership and wide distributor network further enhance its strengths.
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Objective of The Offer
Orkla India IPO is a pure Offer For Sale to facilitate liquidity for existing shareholders and compliance with minimum public shareholding requirements. No fresh funds are directed to the company from this IPO, and business expansion will continue with support from its global parent.
Pros & Cons of Orkla India IPO
Pros:
- Leadership of household brands: MTR, Eastern, Rasoi Magic
- Sector leadership in spices and ready-to-eat foods
- Debt-free and robust cash flows
- Backed by global parent Orkla ASA
- Pan-India network, strong export channels
- Consistent revenue and profit growth
Cons:
- No fresh funds for domestic expansion or R&D from this IPO
- Moderate sales growth (5% CAGR)
- High competition in FMCG market
- Regional brand dominance (mainly South India)
- Share price at sector average, not a major discount
Balancing these positives and risks is vital for new IPO investors.
How to Apply for Orkla India IPO
- Log into your broker’s platform or bank’s ASBA service.
- Select Orkla India IPO, choose lots (multiples of 20 shares).
- Confirm UPI payment before October 31, 2025, 5 PM IST.
- After allotment on November 3, 2025, check status on Kfin Technologies’ website.
Important Contacts & Registrar Details
Orkla India Limited, Registered Office: No. 1, 2nd & 3rd Floor, 100 Feet Inner Ring Road, Ejipura, Ashwini Layout, Bangalore, Karnataka – 560047, India
Phone: +91 80 4081 2100 / 7
Email: investors@orklaindia.com
Registrar: Kfin Technologies Ltd, Hyderabad
Website: Kfintech.com
Final Conclusion
Orkla India IPO 2025 invites Indian investors to participate in the growth journey of a top FMCG player with strong financials and acclaimed brands. A nearly debt-free balance sheet and consistent earnings make it a stable choice for long-term portfolios. But, since the IPO funds go solely to selling shareholders, not to the company, investors must weigh growth prospects versus immediate liquidity. In India’s competitive food sector, broadening national reach will be key for superior shareholder value. Blend IPO investments with long-term equity strategies for best outcomes in changing market cycles.
Disclaimer
This blog post is for educational purposes only and is not investment advice. Please consult a registered advisor and undertake proper research before investing. Stock market investments involve risks, including loss of principal.
Frequently Asked Questions (FAQ)
- What are Orkla India IPO dates and price band?
- The IPO opens from October 29 to October 31, 2025. Price band is ₹695–₹730 per share.
- What is the minimum investment for retail investors?
- One lot (20 shares), about ₹14,600 at the upper end of the price band.
- Will Orkla India receive any fresh funds from the IPO?
- No, this is a 100% Offer For Sale (OFS). The company does not receive new capital.
- Who are the selling shareholders in this IPO?
- Orkla Asia Pacific, Navas Meeran, and Feroz Meeran are among the key sellers.
- When and where will Orkla India shares be listed?
- Listing is expected on NSE and BSE on November 6, 2025.
- What brands does Orkla India own?
- MTR Foods, Eastern, and Rasoi Magic are their most prominent brands.
- Who are the book-running lead managers?
- ICICI Securities, Citigroup Global, JP Morgan India, Kotak Mahindra Capital.
- Where can I check my IPO allotment status?
- Visit Kfin Technologies on/after November 3, 2025 with your PAN or application number.
